Methanol Chemicals Co. (Chemanol) reported a net loss of SAR 112.8 million for fiscal year 2016, narrowing losses by 19 percent year-on-year. The company recorded a decline in sales due to lower prices on the international markets in 2016.
The slight improvement in FY16 was due to a cost reduction program that led to better operating expenses, along with settlement and reversal of a supplier price difference provision. The chemical producer also said it recorded a final settlement of an insurance claim against a fire at one of its plant.
|Gross Income||18.78||68.55||265.1 %|
|Operating Income||(103.20)||(85.99)||16.7 %|
|Net Income||(139.91)||(101.63)||27.4 %|
|EPS (Riyal)||(1.16)||(0.84)||27.4 %|
Chemanol also narrowed its Q4 loss to SAR 38 million, compared to a loss of SAR 60.3 million in the same period last year, due to improved operating expenses.
|Period||Revenues||Gross Income||Net Income||EPS (Riyal)||Earnings Growth|
|2018 - Q4||161.51||41.08||2.33||0.02||115.74 %|
|2018 - Q3||187.22||60.14||22.45||0.19||326.69 %|
|2018 - Q2||195.71||69.54||31.63||0.26||1,109.06 %|
|2018 - Q1||157.17||24.81||(10.26)||(0.09)||(82.85 %)|
|P/E Before Unusual Items (TTM)||18.75|
|Market Cap. (M)||1,051.63|
|Return on Average Assets||2.62 %|
|Return on Average Equity||5.04 %|